Binder1-invest In Canada
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#!.!$!3 6!,5% 02/0/3)4)/. ,OCATION "ENCHMARKING 'LOBAL LOCATION CONSULTANCY )"- 0LANT ,OCATION )NTERNATIONAL )"- 0,) CONDUCTED AN INTERNATIONAL BENCHMARKING STUDY THAT ASSESSES THE COMPETIVENESS OF A NUMBER OF #ANADIAN CLUSTERS AGAINST COMPETING INTERNATIONAL BUSINESS LOCATIONS 5SING REPRESENTATIVE INVESTMENT PROJECT PROTOTYPES )"- 0,) PERFORMED OBJECTIVE RESEARCH TO ASSESS THE COMPARATIVE COST AND QUALITY OF DOING BUSINESS IN VARIOUS LOCATIONS SIMULATING THE APPROACH THAT IS USED BY INVESTORS WHEN SCREENING CANDIDATES FOR CORPORATE INVESTMENT PROJECTS 4HE BENCHMARKING STUDY EXAMINED l NANCIAL AND QUALITATIVE LOCATION INDICATORS IN THE ASSESSMENT OF EACH INDUSTRY SUBSECTOR ! HIGH LEVEL l NANCIAL ANALYSIS WAS COMPLETED TO TAKE INTO ACCOUNT MAJOR LOCATION SENSITIVE INVESTMENT AND OPERATING COSTS AND REVENUES FOR THE REPRESENTATIVE PROJECT PROl LES /PERATING COST OR CASH m OW PROJECTIONS WERE CALCULATED AND DISCOUNTED OVER A YEAR PERIOD INCORPORATING ANTICIPATED INm ATION RATES TO DETERMINE THEIR NET PRESENT VALUE )N ADDITION TO THE l NANCIAL ANALYSIS THE QUALITY OF A LOCATIONS OPERATING ENVIRONMENT WAS ASSESSED USING DATA COLLECTED FROM A VARIETY OF SOURCES %UROCOPTER #ANADA ,TD /NTARIO #ANADA
-ANUFACTURING
0RESENCE OF AEROSPACE INDUSTRY BASE HIGHEST RANKING .ORTH !MERICAN CITIES
)N #ANADAS AEROSPACE OUTPUT RANKED l FTH IN THE WORLD AS CIVIL MANUFACTURERS GENERATED REVENUES OF OVER BILLION )N THE SAME YEAR INVESTMENT IN RESEARCH AND DEVELOPMENT 2$ AMOUNTED TO BILLION IN AEROSPACE AND DEFENCE
# ANADIAN . ON # ANADIAN
#OST ASSESSMENT OF AN INDUSTRIAL CHEMICALS OPERATION HIGHEST RANKING .ORTH !MERICAN CITIES
# ANADIAN . ON # ANADIAN
-ANY #ANADIAN CITIES ARE HOME TO A LARGE NUMBER OF ESTABLISHMENTS PRODUCING AEROSPACE PRODUCTS AND PARTS FORMING IMPORTANT CLUSTERS !MONG LEADING .ORTH !MERICAN AEROSPACE CLUSTERS #ANADIAN CITIES ALSO REPRESENT SOME OF THE MOST l NANCIALLY ATTRACTIVE LOCATIONS 4HE AUTOMOTIVE INDUSTRY IS #ANADAS LARGEST MANUFACTURING SECTOR AND ACCOUNTS FOR PERCENT OF .ORTH !MERICAN VEHICLE PRODUCTION OR MILLION UNITS PRODUCED 7ITH KEY CLUSTERS IN 3OUTHERN /NTARIO/SHAWA 7INDSOR ,ONDON 7ATERLOO AND 4ORONTOAND -ONTRÏAL 1UEBEC #ANADIAN LOCATIONS COMBINE l NANCIALLY ATTRACTIVE PROPOSITIONS WITH HIGH QUALITY OPERATING ENVIRONMENTS SURPASSING MANY OTHER .ORTH !MERICAN AND !SIAN COMPETITORS #ANADA IS ALSO HOME TO NINE OF THE TEN LARGEST CHEMICAL COMPANIES IN THE WORLD WITH THE CHEMICAL INDUSTRY REPRESENTING #ANADAS THIRD LARGEST MANUFACTURING INDUSTRY IN TERMS OF EXPORTS #ANADAS INDUSTRIAL CHEMICALS SECTOR PROVIDES A DIVERSE MANUFACTURING BASE THAT OFFERS IMPORTANT CROSS SECTOR ADVANTAGES SUPPLYING CRITICAL COMPONENTS FOR USE IN A BROAD RANGE OF INDUSTRIES INCLUDING THE AUTOMOTIVE AND AEROSPACE INDUSTRIES #ANADIAN LOCATIONS OFFER A COST ADVANTAGE OVER 53 ALTERNATIVES THANKS TO LOWER LABOUR COSTS LOW CORPORATE TAX RATES AND LOW UTILITY COSTS
5NLESS OTHERWISE NOTED GRAPHS REPRESENT )"- 0,) ASSESSMENT SCORES OF SELECTED .ORTH !MERICAN LOCATIONS EVALUATED IN THE STUDY
#!.!$!3 6!,5% 02/0/3)4)/. 2ATE OF TAX SUBSIDIES FOR 53 OF 2$ LARGE l RMS AND 3-%S ' COUNTRIES
(ALIFAX (ARBOUR .OVA 3COTIA #ANADA
,IFE 3CIENCES #ANADA PLAYS A KEY ROLE IN THE GLOBAL BIOPHARMACEUTICAL INDUSTRY WITH PARTICULAR STRENGTHS IN 2$ CLINICAL TRIALS AND MANUFACTURING !LL OF THE TOP REVENUE GENERATING GLOBAL PHARMACEUTICAL COMPANIES SUCH AS *OHNSON AND *OHNSON 0l ZER "AYER AND 'LAXO3MITH+LINE HAVE OPERATIONS IN #ANADA SEVERAL WITH 2$ AND MANUFACTURING MANDATES
# 53
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#ORPORATE TAX RATES SELECTED .ORTH !MERICAN CITIES
# ANADIAN . ON # ANADIAN
! SIGNIl CANT PLAYER ON THE INTERNATIONAL BIOPHARMACEUTICALS SCENE #ANADAS GLOBAL PRESENCE CONTINUES TO GROW STEADILY THANKS TO LEADING EDGE RESEARCH PROGRAMS AND STRONG l NANCING AND VENTURE CAPITAL PROGRAMS #ANADA PROVIDES THE 3CIENTIl C 2ESEARCH AND %XPERIMENTAL $EVELOPMENT 32%$ TAX INCENTIVE AS WELL AS PROVINCIAL TAX CREDITS TO HELP l RMS REDUCE THE COST OF 2$ EXPENDITURES AND TO FOSTER INNOVATION 4AX REDUCTION INITIATIVES ANNOUNCED BY THE FEDERAL GOVERNMENT IN ARE SET TO GIVE #ANADA THE LOWEST STATUTORY TAX RATE IN THE ' BY AND THE LOWEST MARGINAL EFFECTIVE TAX RATE IN THE ' BY 4HE #ANADIAN MEDICAL DEVICE INDUSTRY IS ALSO A LEADER IN 2$ WITH STRENGTHS IN A RANGE OF SPECIALTIES INCLUDING CARDIOVASCULAR DEVICES MEDICAL IMAGING IN VITRO DIAGNOSTICS AND ASSISTIVE DEVICESHOME HEALTHCARE PRODUCTS #ONSISTING OF APPROXIMATELY l RMS AND EMPLOYING ABOUT PEOPLE THE INDUSTRY WHICH IS PRIMARILY COMPOSED OF SMALL AND MEDIUM SIZED ENTERPRISES GENERATED TOTAL REVENUES OF APPROXIMATELY BILLION AND EXPORTS OF BILLION IN
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)NFORMATION AND #OMMUNICATIONS 4ECHNOLOGY
0RESENCE OF SOFTWARE INDUSTRY HIGHEST RANKING .ORTH !MERICAN CITIES
)NFORMATION AND COMMUNICATIONS TECHNOLOGY )#4 IS ONE OF #ANADAS MOST INNOVATIVE SECTORS REPRESENTING ALMOST PERCENT OF THE COUNTRYS PRIVATE INVESTMENT IN 2$ WORTH AN ESTIMATED BILLION IN ! MAJOR CONTRIBUTOR OF THAT 2$ IS THE #ANADIAN SOFTWARE INDUSTRY CONSISTING OF APPROXIMATELY l RMS AND EMPLOYING OVER PEOPLE 4HE #ANADIAN SOFTWARE INDUSTRY INCLUDING SOFTWARE PUBLISHING COMPUTER SYSTEMS DESIGN AND RELATED SERVICES GENERATED REVENUES IN EXCESS OF BILLION IN AND IS EXPECTED TO CONTINUE TO GROW OVER THE NEXT l VE YEARS #ANADA IS ALSO HOME TO THRIVING DIGITAL MEDIA CLUSTERS WITH LARGE POOLS OF EMPLOYEES WHO POSSESS THE SPECIALIZED SKILLS NEEDED FOR DESIGNING GAMES AND RELATED PRODUCTS -ORE THAN COMPANIES THROUGHOUT THE COUNTRY ARE PART OF THE GAME INDUSTRY VALUE CHAIN FROM HARDWARE DEVELOPMENT TOOLS AND ENABLERS TO SUPPORT SERVICES DEVELOPERS AND PUBLISHERS #ANADAS HIGH QUALITY OF LIFE AND AFFORDABLE COST OF LIVING POSITION IT AS A TOP LOCATION FOR ATTRACTING THE CREATIVE TALENT ESSENTIAL TO THE SUCCESS OF GAMES l RMS
# ANADIAN . ON # ANADIAN
0HOTONICS RELATED RESEARCH AND DEVELOPMENT HIGHEST RANKING .ORTH !MERICAN CITIES
!NOTHER #ANADIAN 2$ INTENSIVE INDUSTRY IS PHOTONICS WHICH CONSISTS OF APPROXIMATELY COMPANIES THAT GENERATE ROUGHLY BILLION ANNUALLY IN REVENUES 4HE SECTOR EMPLOYS A HIGHLY SKILLED WORKFORCE OF SOME PEOPLE PERCENT OF WHICH ARE INVOLVED IN 2$ #ANADAS WIRELESS INDUSTRY IS STRATEGICALLY POISED TO LEVERAGE THE 2$ TAKING PLACE IN THE PHOTONICS AND NANOTECHNOLOGY CLUSTERS #ANADAS WIRELESS COMPANIES EXCEL IN MANY MARKET SEGMENTS NOTABLY CELLULAR EQUIPMENT MOBILE DEVICES AND #0%S 7I-AX AND SOFTWARE DEl NED RADIOS ,OW CORPORATE TAX RATES 2$ INCENTIVES AND COMPETITIVE LABOUR COSTS MAKE #ANADIAN LOCATIONS VERY l NANCIALLY ATTRACTIVE .ORTH !MERICAN OPTIONS FOR FOREIGN INVESTORS
5NLESS OTHERWISE NOTED GRAPHS REPRESENT )"- 0,) ASSESSMENT SCORES OF SELECTED .ORTH !MERICAN LOCATIONS EVALUATED IN THE STUDY
# ANADIAN . ON # ANADIAN
#!.!$!3 6!,5% 02/0/3)4)/. 3OUNDNESS OF BANKS ' COUNTRIES
3ERVICES 4HE #ANADIAN l NANCIAL SERVICES SECTOR IS AMONG THE WORLDS MOST HIGHLY DEVELOPED AND OFFERS MANY EXAMPLES OF BEST PRACTICE #ANADAS BANKING SYSTEM IS RANKED THE SOUNDEST IN THE WORLD ACCORDING TO THE 7ORLD %CONOMIC &ORUM 'LOBAL #OMPETITIVENESS 2EPORT INDICATING THAT #ANADAS BANKS ARE GENERALLY HEALTHY WITH SOUND BALANCE SHEETS #ANADAS MATURE l NANCIAL SECTOR HAS PRODUCED SUCH GLOBAL LEADERS AS THE 2OYAL "ANK OF #ANADA AND -ANULIFE &INANCIAL &URTHER THE SECTOR CONTINUES TO ATTRACT FOREIGN INVESTMENT WITH MORE THAN BILLION IN -ANY MAJOR INTERNATIONAL l NANCIAL SERVICES l RMS SUCH AS ".0 0ARIBAS AND #)4#/ MAINTAIN NEARSHORE BUSINESS PROCESSING OPERATIONS IN #ANADA
7ORLD %CONOMIC &ORUM 'LOBAL #OMPETITIVENESS 2EPORT
3IZE OF ESTIMATED BUSINESS SERVICES CLUSTER AS A OF TOTAL COMPANIES HIGHEST RANKING .ORTH !MERICAN CITIES
(EAVILY INTERTWINED WITH THE l NANCIAL SERVICES SECTOR IS #ANADAS BUSINESS SERVICES INDUSTRY )T ACCOUNTED FOR BILLION OF THE NATIONAL '$0 AND EMPLOYS MORE THAN MILLION #ANADIANS REPRESENTING NEARLY PERCENT OF THE TOTAL LABOUR FORCE #ANADA BOASTS SOME OF THE LARGEST BUSINESS SERVICES CLUSTERS IN .ORTH !MERICA WITH MANY #ANADIAN CITIES HAVING A HIGHER PROPORTION OF BUSINESS SUPPORT RELATED COMPANIES IN COMPARISON TO OTHER .ORTH !MERICAN LOCATIONS 3TRONG CLUSTERS OF SHARED SERVICES COMPANIES ALLOW CLOSE LINKAGES WITH BUYERS SUPPLIERS AND OTHER INSTITUTIONS TO OFFER ADVANTAGES THAT LEAD TO GREATER EFl CIENCY ACCELERATED IMPROVEMENT AND INNOVATION
# ANADIAN . ON # ANADIAN
6ANCOUVERS #ENTRAL "USINESS $ISTRICT "RITISH #OLUMBIA #ANADA
5NLESS OTHERWISE NOTED GRAPHS REPRESENT )"- 0,) ASSESSMENT SCORES OF SELECTED .ORTH !MERICAN LOCATIONS EVALUATED IN THE STUDY #ANADIAN )NDUSTRY 3TATISTICS 'ROSS $OMESTIC 0RODUCT &INANCE AND )NSURANCE .!)#3 #ANADIAN )NDUSTRY 3TATISTICS 'ROSS $OMESTIC 0RODUCTS 0ROFESSIONAL 3CIENTIFIC AND 4ECHNICAL 3ERVICES
-ONTRÏAL $OWNTOWN 1UEBEC #ANADA
#!.!$!3 6!,5% 02/0/3)4)/.
,OCAL POTENTIAL TO RECRUIT SKILLED STAFF FOR A BIOMASS COGENERATION OPERATION HIGHEST RANKING CITIES
# ANADIAN . ON # ANADIAN
2ENEWABLE ENERGIES 7ITH MILLION HECTARES OF FORESTLAND IN #ANADA THE #ANADIAN FOREST SECTOR IS WELL DEVELOPED AND IS ONE OF THE WORLDS LARGEST EXPORTERS OF WOOD PRODUCTS #ANADAS BIOMASS COGENERATION INDUSTRY IS ABLE TO LEVERAGE THESE RESOURCES WITH THE PULP AND PAPER SECTOR CURRENTLY ACCOUNTING FOR PERCENT OF THE BIOMASS COGENERATION OUTPUT #OMMITTED TO SUSTAINABLE FOREST MANAGEMENT AND INVESTING IN RENEWABLE ENERGY THE 'OVERNMENT OF #ANADA UNVEILED THE ECO%NERGY 2ENEWABLE )NITIATIVE IN PROVIDING INCENTIVES FOR LOW IMPACT RENEWABLE ELECTRICITY PROJECTS 0OTENTIAL INVESTORS CAN ALSO BENEl T FROM THE PRESENCE OF A LARGE WORKFORCE IN MANUFACTURING AS WELL AS IN THE FORESTRY INDUSTRY 4HE RAPID GROWTH OF #ANADAS WIND ENERGY INDUSTRY DUE IN PART TO SEVERAL RECENT FOREIGN DIRECT INVESTMENTS HAS RESULTED IN AN INCREASING NUMBER OF MANUFACTURING l RMS ENTERING THE MARKET #ANADA IS ONE OF THE WORLDS LEADING EXPORTERS OF ELECTRICITY AND NEIGHBOURS THE WORLDS LARGEST ELECTRICITY CONSUMER WHICH HAS A STRONG AND INCREASING APPETITE FOR GREEN POWER #ANADIAN LOCATIONS OFFER HIGHLY APPEALING COST COMPETITIVE OPTIONS COMBINED WITH SOME OF THE BEST OPERATING ENVIRONMENTS FOR THE MANUFACTURING OF WIND FARM TURBINES AND COMPONENTS
#OWLEY 2IDGE !LBERTA #ANADA
'RAIN PROCESSING RELATED RESEARCH AND DEVELOPMENT
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HIGHEST RANKING .ORTH !MERICAN CITIES
)N #ANADAS FOOD AND BEVERAGE PROCESSING INDUSTRY WITH A WORKFORCE OF EMPLOYEES PRODUCED SHIPMENTS WORTH BILLION %ACH YEAR #ANADIAN MILLS GRIND SOME MILLION TONNES OF WHEAT OATS CORN AND BARLEY AND EXPORT COMMODITIES SUCH AS WHEAT m OUR SEMOLINA AND OTHER MILLED GRAIN PRODUCTS TO OVER COUNTRIES WORLDWIDE #ANADA INVESTS BILLIONS OF DOLLARS IN 2$ ANNUALLY TO HELP DRIVE INNOVATION AND TO ENSURE THAT COMPANIES HAVE ACCESS TO THE BEST TALENT AND INFRASTRUCTURE IN THE WORLD #ANADAS GRAIN PROCESSING INDUSTRY PRODUCES INNOVATIVE FOOD INGREDIENTS NATURAL HEALTH PRODUCTS GENERAL AND PERFORMANCE ANIMAL FEED m OUR ETHANOL AS WELL AS INCREASINGLY POPULAR END PRODUCT INGREDIENTS SUCH AS WHEAT GLUTEN BIOACTIVE COMPOUNDS AND BIO BASED INDUSTRIAL APPLICATIONS
5NLESS OTHERWISE NOTED GRAPHS REPRESENT )"- 0,) ASSESSMENT SCORES OF SELECTED .ORTH !MERICAN LOCATIONS EVALUATED IN THE STUDY
# ANADIAN . ON # ANADIAN
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#ANADA HAS A LARGE WELL DEVELOPED FOREST SECTOR AND IS ONE OF THE WORLDS LARGEST EXPORTERS 4HE FOREST INDUSTRY EXPORTED BILLION IN PAPER PULP LUMBER BOARD AND OTHER FOREST PRODUCTS IN PERCENT TO THE 5NITED 3TATES 4HE PRODUCTION OF WOODY BIOMASS IS COMMENSURATE WITH PRODUCTION OF FOREST GOODS
w )N #HINESE COMPANY 7UHAN ,IREN AND $AO0OWER #ANADA FORMERLY #ANADIAN 7INDlELDS 3OLAR AND 2ENEWABLE %NERGY #ORPORATION ANNOUNCED A PARTNERSHIP TO BUILD AND OPERATE A DEMONSTRATION PLANT THAT WILL USE BIOMASS POWER GENERATION SYSTEMS
#ANADA HAS THE WORLDS THIRD LARGEST FOREST AREAS SOME PERCENT OF THE LAND AREA IS FORESTED AND PERCENT OF #ANADIAN lBRE TREES IS PUBLICLY OWNED )N THE WOOD AND PAPER PRODUCTS SECTOR #ANADA RECENTLY RANKED AS ONE OF THE TOP lVE GLOBAL LOCATIONS IN ATTRACTING FOREIGN INVESTMENT PROJECTS 4HE SOURCES OF THESE NEW INVESTMENT PROJECTS INCLUDE COUNTRIES SUCH AS &INLAND 'ERMANY 3WEDEN #HINA THE 5NITED 3TATES AND (ONG +ONG 4HE PULP AND PAPER SECTOR IS THE LARGEST INDUSTRIAL SOURCE OF BIOMASS COGENERATION ACCOUNTING FOR PERCENT 4HIS SECTOR IS ABLE TO MEET PERCENT OF ITS OWN ENERGY DEMANDS THROUGH BIOMASS COGENERATION
+EY #APABILITIES )NVESTING IN RENEWABLE ENERGY )N THE 'OVERNMENT OF #ANADA UNVEILED THE ECO%NERGY 2ENEWABLE )NITIATIVE PAYING ONE CENT PER KILOWATT HOUR FOR UP TO YEARS TO ELIGIBLE LOW IMPACT RENEWABLE ELECTRICITY PROJECTS CONSTRUCTED BEFORE -ARCH 4WELVE BIOMASS COGENERATION PROJECTS ARE CURRENTLY UNDER WAY ACROSS SIX PROVINCES
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,EADERSHIP IN SUSTAINABLE FOREST MANAGEMENT AND RENEWABLE ENERGY -EMBERS OF THE &OREST 0RODUCTS !SSOCIATION OF #ANADA &0!# ARE COMMITTED TO BECOMING CARBON NEUTRAL ALONG THE SUPPLY CHAIN BY WITHOUT THE PURCHASE OF CARBON OFFSET CREDITS &0!# ALSO AIMS TO BE ENTIRELY ENERGY SELF SUFlCIENT AND EVEN A NET EXPORTER OF ENERGY DURING THE SAME PERIOD )NCREASED ADOPTION OF BIOMASS USE AND DEVELOPMENT OF NEW TECHNOLOGIES ARE PART OF THE STRATEGY TO ACHIEVE THESE GOALS ,EVERAGING BIOMASS RESOURCES 7ITH MILLION HECTARES OF FORESTLAND IN #ANADA THERE IS A LARGE AMOUNT OF BIOMASS RESOURCES ON HAND 0OTENTIAL SOURCES OF FOREST BIOMASS INCLUDE RESIDUES FROM HARVEST SILVICULTURE ACTIVITY NATURAL DISTURBANCES NON MERCHANTABLE WOOD AND UNMARKETABLE PULP CHIPS *OINT VENTURES WITH PULP AND PAPER MILLS PRESENT EXCELLENT OPPORTUNITIES FOR PARTNERS AS THE STEAM CAN BE USED IN THE MANUFACTURING PROCESSES )N ADDITION PULP AND PAPER MILLS HAVE THE EXISTING INFRASTRUCTURE THAT CAN BE LEVERAGED PROlTABLY
#ATALYST $OMTAR &RASER 0APERS *$ )RVING +RUGER 4EMBEC
)N THE WOOD AND PAPER PRODUCTS SECTOR #ANADA RECENTLY RANKED AS ONE OF THE TOP lVE GLOBAL LOCATIONS IN ATTRACTING FOREIGN INVESTMENT PROJECTS
5NLESS OTHERWISE NOTED ALL VALUES ARE IN #ANADIAN DOLLARS
+%9 #!.!$)!. #,534%23 "RITISH #OLUMBIA "RITISH #OLUMBIA IS THE LARGEST BIOENERGY PRODUCING REGION IN .ORTH !MERICA WITH CAPACITY OF '7HYR AND LAST YEAR BECAME THE lRST PROVINCE IN #ANADA TO ANNOUNCE A BIOENERGY STRATEGY 4HE PROVINCES PULP AND PAPER SECTOR IS COMPOSED OF MILLS AND CURRENTLY EMPLOYS PEOPLE IN PULP AND PAPER MANUFACTURING "RITISH #OLUMBIA AIMS TO REDUCE ITS ELECTRICITY IMPACT BY SETTING A GOAL TO BECOME ENERGY SELF SUFlCIENT WITH PERCENT OF ITS POWER TO COME FROM CLEAN SOURCES 0RINCE 'EORGE RECENTLY EXPERIENCED SIGNIlCANT GROWTH THANKS TO THE #ANADIAN &OREST 0RODUCTS ,IMITED #ANFOR DEVELOPMENT WHICH SAW THE INSTALLATION OF A -7 TURBINE IN +AMLOOPS ALSO EXPERIENCED A SIMILAR BENElT WHEN $OMTAR INSTALLED A -7 TURBINE IN 0RIMARY RESEARCH FOR THE SECTOR IS MAINLY CONDUCTED BY &0)NNOVATIONS
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-ORE THAN PERCENT OF THE PROVINCE OF 3ASKATCHEWAN IS FORESTED )N REAL '$0 IN THE FORESTRY SECTOR TOTALLED MILLION MILLION FROM THE PRIMARY SECTOR AND MILLION FROM SECONDARY ACTIVITIES $IRECT EMPLOYMENT IN THE FORESTRY SECTOR TOTALLED IN 7ITHIN 3ASKATCHEWAN -EADOW ,AKE -ECHANICAL 0ULP OPERATES A STATE OF THE ART "#4-0 BLEACHED CHEMI THERMAL MECHANICAL PULP MILL AS THE WORLDS lRST SUCCESSFUL ZERO LIQUID EFmUENT MARKET PULP MILL
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4HE FORESTRY INDUSTRY IN .ORTHWESTERN 'RANDE 0RAIRIE 'RANDE #ACHE AREA EMPLOYS PEOPLE AND CONTRIBUTED MILLION TO THE LOCAL ECONOMY IN 4HE REGION ACCOUNTS FOR PERCENT OF THE TOTAL PULP PRODUCED IN !LBERTA PERCENT OF THE PANEL BOARD AND HALF OF THE LUMBER 4HE 'RANDE 0RAIRIE REGION ALSO HAS SOME OF THE MOST COMPETITIVE MILLS IN THE COUNTRY PAIRED WITH AN INNOVATIVE CULTURE THAT STRIVES TO BE LOW COST ENVIRONMENTALLY CONSCIOUS AND EFlCIENT #OMPLEMENTING THE FOREST PRODUCT PRODUCERS IS #ANFOR WHICH IN PARTNERSHIP WITH #ANADIAN (YDRO 0OWER $EVELOPERS IS SUPPLYING PRODUCTS LIKE BARK TO USE IN THE GENERATION OF POWER IN A -7 PLANT ON #ANFORS PROPERTY CALLED THE 'RANDE 0RAIRIE %CO 0OWER #ENTRE 4HIS IS AN INVESTMENT IN GREEN POWER AND BETTER AIR QUALITY
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4HE FORESTRY INDUSTRY IN !LBERTA CONTRIBUTES SIGNIlCANTLY TO THE ECONOMY AS AN EMPLOYER AND PURCHASER 4HE INDUSTRY EXPORTED MORE THAN BILLION IN PRODUCTS IN AND EMPLOYED SOME PEOPLE IN PULP AND PAPER MANUFACTURING
TED 3 TATES OF !MERI
3ASKATCHEWAN IS HOME TO A NUMBER OF RESEARCH COMPANIES THAT MEET THE NEEDS OF THE WOOD AND PAPER PRODUCTS INDUSTRY 4HE 3ASKATCHEWAN 2ESEARCH #OUNCIL HAS STATE OF THE ART FACILITIES IN ITS "IOFUELS 4EST #ENTRE WHICH OFFERS A FULL SUITE OF TESTS FOR ETHANOL AND BIODIESEL PRODUCERS THROUGHOUT .ORTH !MERICA AND OFFERS MANY RELATED CAPABILITIES AND SERVICES
#!.!$)!. #,53 #!.!$)!. #,53 /NTARIO
7ITH OVER MILLION ACRES OF FORESTED LAND AND A LONG ESTABLISHED FORESTRY INDUSTRY /NTARIO OFFERS GREAT OPPORTUNITIES FOR BIOMASS COGENERATION !LLOWING FOR VOLUMES NOW COMMITTED TO THE FORESTRY INDUSTRY FOREST BIOMASS HAS THE POTENTIAL TO SUPPLY ABOUT SEVEN PERCENT OF THE PROVINCES ELECTRICAL ENERGY /NTARIOS -INISTRY OF .ATURAL 2ESOURCES IS EXPLORING THE POTENTIAL FOR ELECTRICITY GENERATION FROM FOREST BIOMASS PROMOTING INNOVATIVE TECHNOLOGIES AND DEVELOPING A POLICY FRAMEWORK THAT ENCOURAGES COMPANIES AND COMMUNITIES TO ENGAGE IN BUSINESS VENTURES 4HE 3TANDARD /FFER 0ROGRAM CURRENTLY PAYS CENTSK7H FOR BIOMASS ENERGY PROJECTS 4HREE PROJECTS WITH A COMBINED CAPACITY OF -7 ARE CURRENTLY REGISTERED IN THE PROVINCE UNDER THE ECO%.%2'9 PROGRAM 4HUNDER "AY HAS ENCOURAGED SOME OF THE MOST PROMINENT BIOMASS COGENERATION PROJECTS BECAUSE OF THE NATURAL CLUSTER OF PULP AND PAPER MILLS IN THE REGION $ELTA %NERGY #O ,TD WILL COMPLETE ITS BIOMASS COGENERATION PROJECT IN ORDER TO SUPPLY -7 IN !TIKOKAN .EWSPRINT GIANT !BITIBI"OWATER ALSO OWNS PART OF A SOON TO BE COMPLETED PROJECT IN &ORT &RANCES WHICH IS EXPECTED TO GENERATE -7 ,AKEHEAD 5NIVERSITY THE #ENTRE FOR .ORTHERN &OREST %COSYSTEM 2ESEARCH #.&%2 THE -OLECULAR -EDICINE 2ESEARCH #ENTRE AND #ONFEDERATION #OLLEGE ARE RESEARCHING BIOMASS COMBUSTION TRIALS 3AULT 3TE -ARIE IS ANOTHER HUB FOR 2$ CONCENTRATING ON BIOMASS ENERGY CROP TEST PLANTATIONS
1UEBEC
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! VARIETY OF INDUSTRIES RELATED TO WOOD ARE FOUND IN 1UEBEC SUCH AS PULP AND PAPER PRINTING AND PUBLISHING FURNITURE AND CONSTRUCTION LUMBER INDUSTRIES )N TOTAL 1UEBEC ACCOUNTS FOR PERCENT OF DIRECT #ANADIAN FOREST INDUSTRY JOBS 1UEBEC IS HOME TO MANY MAJOR PLAYERS IN THE PULP AND PAPER INDUSTRY SUCH AS !BITIBI"OWATER $OMTAR +RUGER AND .ORAMPAC 4HANKS TO &0)NNOVATIONS AND THE PROVINCIAL PROGRAM TO ALLOCATE BIOMASS FOR FOSSIL FUEL REPLACEMENT 1UEBEC BOASTS RESEARCH INFRASTRUCTURES THAT ARE THE ENVY OF MANY LEADING PAPER PRODUCERS
.EW "RUNSWICK ,EADING EDGE VALUE ADDED USE OF .EW "RUNSWICKS EXTENSIVE FOREST BIOMASS IS STANDARD PROCEDURE FOR THE PROVINCES INNOVATIVE FORESTRY SECTOR )N ADDITION TO TRADITIONAL WOOD AND PAPER PRODUCTS THE SECTOR USES THIS MAJOR RESOURCE IN COGENERATION APPLICATIONS ALONG WITH AN INCREASING FOCUS ON EMERGING BIORElNERY OPPORTUNITIES
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).6%34-%.4 ,/#!4)/. "%.#(-!2+).' -%4(/$/,/'9 4HIS BENCHMARKING STUDY ASSESSES THE COMPETITIVENESS OF A NUMBER OF #ANADIAN CLUSTERS AGAINST COMPETING INTERNATIONAL BUSINESS LOCATIONS "ASED ON AN INVESTORS PERSPECTIVE THE RESEARCH AND ANALYSIS USES A REPRESENTATIVE INVESTMENT PROJECT PROTOTYPE A BIOMASS COGENERATING FACILITY THAT USES PRIMARILY BARK WOOD CHIPS WOOD PELLETS AND SLUDGE AS INPUTS TO GENERATE HEAT AND ELECTRICITYSEE PROlLE ON PAGE TO ASSESS CRITERIA THAT CORPORATE DECISION MAKERS TYPICALLY EXAMINE WHEN EVALUATING LOCATION ALTERNATIVES FOR FOREIGN INVESTMENT 4HIS INTERNATIONAL LOCATION BENCHMARKING EXERCISE WAS CONDUCTED BY )"- 0LANT ,OCATION )NTERNATIONAL )"- 0,) A RENOWNED GLOBAL LOCATION CONSULTANCY )"- 0,) PERFORMED OBJECTIVE RESEARCH TO ASSESS THE COMPARATIVE COST AND QUALITY OF DOING BUSINESS IN VARIOUS LOCATIONS SIMULATING THE APPROACH USED BY INVESTORS WHEN SCREENING CANDIDATES FOR CORPORATE INVESTMENT PROJECTS 4HE BENCHMARKING STUDY EXAMINED TO lNANCIAL AND QUALITATIVE LOCATION INDICATORS IN THE ASSESSMENT OF EACH INDUSTRY SUBSECTOR QUALITATIVE LOCATION INDICATORS IN THE ASSESSMENT OF EACH INDUSTRY SUBSECTOR 4O ASSESS THE QUALITY OF A LOCATIONS OPERATING BUSINESS ENVIRONMENT DATA WERE COLLECTED FROM A VARIETY OF SOURCES FOR THE DIFFERENT SUBFACTORS IN EACH OF THE CATEGORIES FEATURED IN THE OPERATING ENVIRONMENT TABLE PAGE $ATA FOR THE QUALITATIVE ASSESSMENT WERE TRANSLATED INTO COMPARABLE SCORINGS ZERO TO FOR EACH CATEGORY AND SUBFACTOR USING A WEIGHTED SCOREBOARD APPROACH 7EIGHTS WERE ASSIGNED TO EACH LOCATION CATEGORY AND SUBFACTOR TO DEMONSTRATE THEIR RELATIVE IMPORTANCE IN THE LOCATION SELECTION PROCESS 4HESE WEIGHTS ARE SPECIlC TO EACH INDUSTRY SUBSECTOR AND ARE BASED ON )"- 0,)S EXPERIENCE IN HELPING INVESTORS MAKE STRATEGIC DECISIONS WHEN CHOOSING LOCATIONS ! HIGH LEVEL lNANCIAL ANALYSIS WAS ALSO CONDUCTED TO TAKE INTO ACCOUNT MAJOR LOCATION ! HIGH LEVEL lNANCIAL ANALYSIS WAS ALSO CONDUCTED TO TAKE INTO ACCOUNT MAJOR LOCATION SENSITIVE INVESTMENT AND OPERATING COSTS AND REVENUES FOR EACH REPRESENTATIVE PROJECT PROlLE #ASH mOW PROJECTIONS HAVE BEEN CALCULATED AND DISCOUNTED OVER A YEAR PERIOD INCORPORATING ANTICIPATED INmATION RATES TO DETERMINE THEIR NET PRESENT VALUE AND TO ASSESS INCORPORATING ANTICIPATED INm ATION RATES TO DETERMINE THEIR NET PRESENT VALUE AND TO ASSESS THE PROlTABILITY OF THE PROJECT IN EACH OF THE BENCHMARKED LOCATIONS
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#ANADIAN .ON #ANADIAN # 53
! BETTER RETURN ON YOUR INVESTMENT !LL #ANADIAN CITIES ASSESSED IN THIS BENCHMARKING STUDY PROVIDE lNANCIALLY ATTRACTIVE ALTERNATIVES WITH HIGHER PROlTABILITY BASED ON A CASH mOW ANALYSIS 4HE CORPORATE INCOME TAX RATE IS JUST
ONE ADVANTAGE FOR #ANADIAN LOCATIONS IN COMPARISON TO OTHER INTERNATIONAL CITIES !NOTHER CONTRIBUTING FACTOR IS THAT #ANADIAN CITIES OFFER LOWER LABOUR COSTS THAN MOST OTHER LOCATIONS
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! WEALTH OF OPTIONS TO CHOOSE FROM &ROM A QUALITATIVE PERSPECTIVE #ANADIAN CITIES PROVIDE A VARIETY OF ATTRACTIVE OPTIONS 0RINCE 'EORGE COMPARES WELL TO (ELSINKI &INLAND A REGION WITH AN ESTABLISHED BIOMASS SECTOR 4HE 'ATINEAU 2EGION 4HUNDER "AY +AMLOOPS AND 3AINT *OHN ARE ALSO STRONG CONTENDERS
5NLESS OTHERWISE NOTED GRAPHS REPRESENT )"- 0,) ASSESSMENT SCORES
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!CCESS TO MATERIALS HIGHEST RANKING CITIES
&ORESTRY LOGGING WOOD PULP AND PAPER PRODUCT MANUFACTURERS ARE POTENTIAL SOURCES OF THE RAW MATERIALS NEEDED FOR BIOMASS COGENERATION FACILITIES 4HE NUMBER OF COMPANIES CLASSIlED IN THESE CATEGORIES IS USED AS A PROXY TO MEASURE THE ACCESSIBILITY OF RAW MATERIALS IN THE REGION
#ANADIAN .ON #ANADIAN
! DEEP TALENT POOL
"ENCHMARKED #ANADIAN CITIES LIE CLOSE TO FORESTED REGIONS AND OFFER A STRONG BASE OF COMPANIES THAT ARE ACTIVE IN THESE AREAS 0RINCE 'EORGE AND 4HUNDER "AY ARE EACH HOME TO WELL OVER lRMS RELATED TO FORESTRY AND LOGGING +AMLOOPS AND THE 'ATINEAU 2EGION BOAST OR MORE FORESTRY AND LOGGING COMPANIES WHILE 'RANDE 0RAIRIE AND 3AULT 3TE -ARIE FEATURE OR MORE SUCH OPERATIONS
,OCAL POTENTIAL TO RECRUIT SKILLED STAFF HIGHEST RANKING CITIES
4HE OVERALL SIZE OF BOTH THE LABOUR AND GENERAL MANUFACTURING WORKER POOLS AS WELL AS THE NUMBER OF FORESTRY AND LOGGING EMPLOYEES PAPER MANUFACTURING WORKERS AND EXPERIENCED ELECTRIC POWER AND TRANSMISSION EMPLOYEES ARE ALL IMPORTANT CONSIDERATIONS IN IDENTIFYING SOURCES OF SUITABLE EMPLOYEES FOR A BIOMASS COGENERATION OPERATION 2ANKED lRST IN THE WORLD FOR HIGHER EDUCATION #ANADA HAS A RECORD OF INVESTING IN ITS PEOPLE AND WELCOMING INTERNATIONAL TALENT !S A RESULT #ANADIAN LOCATIONS OFFER A PRODUCTIVE MOTIVATED AND PROlCIENT TALENT POOL "ENCHMARKED #ANADIAN CITIES ALSO BOAST AN EXPERIENCED WORKFORCE IN FORESTRY RELATED OPERATIONS THAT CAN PROVIDE POTENTIAL INVESTORS WITH THE RELEVANT SKILLS REQUIRED #ANADIAN REGIONS SUCH AS 0RINCE 'EORGE AND 4HUNDER "AY CAN ACCESS A SUPPLY OF QUALIlED MANUFACTURING EMPLOYEES AND ALSO HAVE A STRONG PRESENCE OF FORESTRY LOGGING AND PAPER SUPPLY COMPANIES IN THE AREAS
#ANADIAN .ON #ANADIAN
0RESENCE OF EXPERIENCED PAPER AND FORESTY RELATED MANUFACTURING EMPLOYEES HIGHEST RANKING CITIES
#ANADIAN .ON #ANADIAN
5NLESS OTHERWISE NOTED GRAPHS REPRESENT )"- 0,) ASSESSMENT SCORES )-$ 7ORLD #OMPETITIVENESS 9EARBOOK
#!.!$!3 6!,5% 02/0/3)4)/. -ARKET PROXIMITY HIGHEST RANKING CITIES
-ARKETS OF OPPORTUNITY !CCORDING TO THE &OREST 0RODUCTS !SSOCIATION OF #ANADA &0!# THE #ANADIAN FOREST INDUSTRY CURRENTLY HAS OVER -7 OF ELECTRICITY GENERATION CAPACITY #ANADIAN LOCATIONS FARE WELL IN THE ASSESSMENT OF MARKET PROXIMITY WITH MANY RANKING IN THE TOP SINCE MANY HAVE GENERATION FACILITIES CLOSE TO POTENTIAL MARKETS FOR SELLING ELECTRICITY
#ANADIAN .ON #ANADIAN
%STIMATED ANNUAL LABOUR COSTS BENCHMARKED CITIES
#ANADIAN .ON #ANADIAN 53
!DVANTAGEOUS LABOUR COSTS #OST OF LABOUR IS AN IMPORTANT CONSIDERATION FOR A BIOMASS COGENERATION FACILITY THAT REQUIRES EMPLOYEES SUCH AS SUPERVISORS PRODUCTION OPERATIVES AND TECHNICIANS !LL #ANADIAN LOCATIONS EVALUATED OFFER COMPETITIVE ANNUAL LABOUR COSTS WHEN COMPARED WITH TOP 53 AND %UROPEAN LOCATIONS !N IMPORTANT COMPONENT OF #ANADAS LABOUR COST ADVANTAGE RELATIVE TO COUNTRIES SUCH AS THE 5NITED 3TATES STEMS FROM ITS LOWER COSTS OF PROVIDING EMPLOYEE BENElTS #ANADAS NATIONAL HEALTHCARE SYSTEM IMPLIES THAT MANY MEDICAL INSURANCE COSTS ARE PUBLICLY FUNDED RATHER THAN PAID BY THE EMPLOYER RESULTING IN SIGNIlCANT SAVINGS
! CONDUCIVE BUSINESS ENVIRONMENT
'ENERAL BUSINESS ENVIRONMENT HIGHEST RANKING CITIES
4HANKS TO ITS SOLID AND DYNAMIC ECONOMY LOW CORPORATE TAX RATES GENEROUS 2$ INCENTIVES QUALITY SUPPORT FROM LOCAL GOVERNMENTS AND DEVELOPMENT AGENCIES BUSINESS PERMITTING PROCEDURES AND PROTECTION OF INTELLECTUAL PROPERTY RIGHTS #ANADA HAS FOSTERED A BUSINESS ENVIRONMENT THAT ALLOWS COGENERATION COMPANIES TO INVEST AND GROW !S THE LEADER IN '$0 GROWTH AMONG ' COUNTRIES OVER THE LAST DECADE AND WITH THE WORLDS SOUNDEST BANKING SYSTEM #ANADA PROVIDES A STABLE AND STRONG BUSINESS ENVIRONMENT THAT OFFERS PEACE OF MIND FOR BUSINESS INVESTMENT /NTARIO LOCATIONS RANK PARTICULARLY WELL BECAUSE OF THE PROVINCES GUARANTEED FEED AND TARIFFS PROGRAM FOR ELECTRICITY PRODUCED FROM RENEWABLE SOURCES #ITIES SUCH AS 4HUNDER "AY AND 3AULT 3TE -ARIE BENElT FROM THIS PROGRAM WHICH IS AN IMPORTANT INCENTIVE TO NEW COGENERATION FACILITIES
#ANADIAN .ON #ANADIAN
5NLESS OTHERWISE NOTED GRAPHS REPRESENT )"- 0,) ASSESSMENT SCORES
)"- 0,) CALCULATIONS BASED ON 7ATSON 7YATT %CONOMIC 2ESEARCH )NSTITUTE %2) 7ORLD %CONOMIC &ORUM 'LOBAL #OMPETITIVENESS 2EPORT /CTOBER
7E OFFER THE FOLLOWING VALUABLE SERVICES TO OUR CLIENTS q STRATEGIC MARKET INTELLIGENCE ON YOUR SPECIFIC SECTOR q DIRECT CONTACT WITH KEY DECISION MAKERS IN THE GOVERNMENT q REFERRALS TO CONTACTS IN FIRMS AND INDUSTRY ASSOCIATIONS AS WELL AS EXPERTS q INFORMATION AND ADVICE ON SETTING UP A BUSINESS IN #ANADA q HELP IN IDENTIFYING A SUITABLE PLACE IN WHICH TO INVEST q ASSISTANCE IN DEVELOPING A BUSINESS CASE FOR YOUR NEXT INVESTMENT DECISION
/UR GLOBAL NETWORK WILL SHOW YOU WHY #ANADA IS YOUR STRATEGIC CHOICE FOR GROWTH 4O REACH AN INVESTMENT OFFICER IN YOUR MARKET PLEASE VISIT
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4HIS PUBLICATION WAS PREPARED BY )NVEST IN #ANADA IN COOPERATION WITH )"- 0,) 4HE DOCUMENT COVERS A WIDE RANGE OF ISSUES AND IS NOT INTENDED TO BE A DETAILED NOR AN EXHAUSTIVE REFERENCE !CCORDINGLY BEFORE RELYING ON THE MATERIAL HEREIN READERS SHOULD INDEPENDENTLY VERIFY ITS ACCURACY CURRENCY AND RELEVANCE FOR THEIR PURPOSES AND SHOULD SEEK APPROPRIATE PROFESSIONAL ADVICE !NY REFERENCE TO COMPANIES OR INVESTMENTS IS FOR ILLUSTRATIVE PURPOSES ONLY AND DOES NOT CONSTITUTE AN ENDORSEMENT OF THOSE COMPANIES OR INVESTMENTS $ETAILS OF SOURCES FOR ALL QUOTED FACTS AND FIGURES ARE AVAILABLE UPON REQUEST 4HE 'OVERNMENT OF #ANADA DOES NOT ACCEPT ANY LIABILITY IN RELATION TO THE CONTENTS OF THIS WORK 4HIS PUBLICATION IS PRINTED ON RECYCLED PAPER AND IS AVAILABLE IN MULTIPLE LANGUAGES INCLUDING &RENCH ¥ (ER -AJESTY THE 1UEEN IN 2IGHT OF #ANADA AS REPRESENTED BY THE -INISTER OF )NTERNATIONAL 4RADE
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w &RENCH COMPANY !-%393 SET UP ITS .ORTH !MERICAN OPERATIONS IN -ONTRÏAL 1UEBEC IN INVOLVING ENGINEERS OVER THE NEXT FEW YEARS w 4EXAS BASED %$3 HAS CHOSEN 7INNIPEG -ANITOBA AS THE LOCATION FOR A NEW MILLION HIGH TECH SERVICE CENTRE WHICH WILL CREATE A NEW JOBS OVER THE NEXT lVE YEARS w )N 53 BASED )4 lRM +EANE EXPANDED ITS OPERATIONS IN (ALIFAX .OVA 3COTIA CREATING UP TO NEW JOBS WITHIN THE NEXT lVE YEARS w "RAZIL BASED 3TEFANINI )4 OPENED ITS lRST #ANADIAN OFlCE IN 4ORONTO /NTARIO IN w )N 53 GIANT 503 ANNOUNCED THAT IT WILL BUILD A SQUARE FOOT CONSOLIDATED DISTRIBUTION FACILITY IN #ALGARY !LBERTA
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+EY #APABILITIES %NGINEERING SERVICES #ANADA IS THE THIRD LARGEST EXPORTER OF ENGINEERING SERVICES 4HESE SERVICES EMPLOY MORE THAN WORKERS AND HAVE ANNUAL OPERATING REVENUES OF MORE THAN BILLION #ANADA HAS AN EXCELLENT INTERNATIONAL REPUTATION FOR THE QUALITY OF ITS ENGINEERING SERVICES WITH PARTICULAR STRENGTHS IN RESOURCE EXTRACTION ENERGY TELECOMMUNICATIONS TRANSPORTATION AND INFRASTRUCTURE ENGINEERING .EARSHORINGOFFSHORING #ANADA IS A MAJOR SERVICE PROVIDER OF BUSINESS PROCESS OUTSOURCING AND INFORMATION TECHNOLOGY OUTSOURCING )4/ TO 53 lRMS 4HANKS TO A SKILLED WORKFORCE OF PROXIMITY TO AND CULTURAL SIMILARITIES WITH THE 5NITED 3TATES AS WELL AS INNOVATIVE BUSINESS PRACTICES #ANADA REMAINS THE WORLDS SECOND LARGEST PROVIDER OF "0/ SERVICES #ANADAS NEARSHOREOFFSHORE INDUSTRY EARNS 53 BILLION IN ANNUAL REVENUES REPRESENTING PERCENT OF THE 53 MARKET -ANAGEMENT SERVICES )NTERNATIONALLY CONTROLLED lRMS HAVE BEEN A MAJOR SOURCE OF GROWTH IN RECENT YEARS AND NOW REPRESENT NEARLY PERCENT OF #ANADIAN HEAD OFlCE AND MANAGEMENT OPERATIONS #ANADAS GLOBAL ATTRACTIVENESS AS A LOCATION FOR HEAD OFlCE AND MANAGEMENT SERVICE OPERATIONS REmECTS THE HIGH QUALITY OF AVAILABLE STAFF AND THE OUTSTANDING QUALITY OF LIFE THAT #ANADIAN CITIES PROVIDE 3UPPORTING THESE DYNAMIC INDUSTRIES IS A VAST AND DEEP NETWORK OF PROFESSIONAL SERVICES THAT ARE SOPHISTICATED AND WORLD CLASS LEGAL AND ACCOUNTING lRMS lNANCIAL MANAGEMENT ARCHITECTURAL DESIGN SCIENTIlC CONSULTING SERVICES PUBLIC RELATIONS AND SPECIALIZED DESIGN SERVICES #ANADA IS ALSO A CENTRE OF EXCELLENCE FOR LOGISTICS AND SUPPLY CHAIN MANAGEMENT
#ANADAS BUSINESS SERVICES INDUSTRY IS A MAJOR SECTOR OF THE NATIONAL ECONOMY EMPLOYING MORE THAN MILLION #ANADIANS AND GENERATING ANNUAL REVENUES OF OVER BILLION 5NLESS OTHERWISE NOTED ALL VALUES ARE IN #ANADIAN DOLLARS #ANADIAN )NDUSTRY 3TATISTICS 'ROSS $OMESTIC 0RODUCTS 0ROFESSIONAL 3CIENTIFIC AND 4ECHNICAL 3ERVICES
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#ANADAS THREE LARGEST CITIES 4ORONTO -ONTRÏAL AND 6ANCOUVER TOGETHER WITH #ALGARY BOAST SOME OF THE LARGEST BUSINESS SERVICES CLUSTERS IN .ORTH !MERICA #LUSTERS OF SHARED SERVICES COMPANIES ALSO ALLOW CLOSE LINKAGES WITH BUYERS SUPPLIERS AND OTHER INSTITUTIONS TO OFFER ADVANTAGES THAT LEAD TO GREATER EFlCIENCY ACCELERATED IMPROVEMENT AND INNOVATION
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4HE PEOPLE ADVANTAGE )NVESTING IN PEOPLE IS A CORE #ANADIAN VALUE 4HIS EXPLAINS WHY #ANADA HAS THE WORLDS HIGHEST PERCENTAGE OF COLLEGE AND UNIVERSITY GRADUATES AND IS RANKED THIRD GLOBALLY FOR SECONDARY SCHOOL ENROLMENT WELL AHEAD OF THE 5NITED 3TATES TH
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7ORLD CLASS INFRASTRUCTURE 4RANSPORTATION AND COMMUNICATION INFRASTRUCTURE IS AN IMPORTANT CONSIDERATION IN THE OVERALL EVALUATION OF THE OPERATING ENVIRONMENT 4HE ASSESSMENT OF A LOCATIONS INFRASTRUCTURE INCLUDES A CONSIDERATION OF HIGHWAY AND ROAD ACCESS ROAD CONGESTION AIRPORT AND PORT ACCESS PUBLIC TRANSPORTATION AND POWER AND TELECOMMUNICATIONS RELIABILITY #ANADA OFFERS UNPARALLELED CONNECTIVITY WITH RELIABLE HIGH QUALITY TELECOMMUNICATIONS AND BROADBAND INFRASTRUCTURE AS WELL AS ONE OF THE LOWEST BUSINESS TELEPHONE CHARGE RATES AMONG ' ECONOMIES
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!S THE LEADER IN '$0 GROWTH AMONG ' COUNTRIES OVER THE LAST DECADE AND WITH THE WORLDS SOUNDEST BANKING SYSTEM #ANADA PROVIDES A STABLE AND STRONG BUSINESS ENVIRONMENT THAT OFFERS TREMENDOUS GROWTH POTENTIAL AND PEACE OF MIND FOR BUSINESS INVESTMENT )N FACT ALL #ANADIAN CITIES EVALUATED OFFER A STRONG BUSINESS ENVIRONMENT AS BASED ON MEASURES PUBLISHED BY THE )-$ THE %CONOMIST )NTELLIGENCE 5NIT AND THE 7ORLD %CONOMIC &ORUM #HARLOTTETOWN AND (ALIFAX RANK PARTICULARLY WELL BECAUSE OF THEIR VERY SUPPORTIVE LOCAL DEVELOPMENT NETWORK
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7ITH ITS NATURAL BEAUTY COMPARATIVELY LOW COST OF LIVING QUALITY OF LIFE AND VALUES #ANADA IS GLOBALLY REGARDED AS BEING ONE OF THE BEST PLACES IN THE WORLD TO LIVE 4HIS EXPLAINS WHY #ANADIAN CITIES ATTRACT YOUNG INTERNATIONAL RECRUITS AND TALENTED EXPATRIATES FROM AROUND THE GLOBE )NTERNATIONAL MEASURES SUCH AS THE -ERCER #OST OF ,IVING 3URVEY 3PERLINGS #ITIES 2ANKED 2ATED AND %CONOMIST )NTELLIGENCE 5NITS QUALITY OF LIFE INDEX CONSISTENTLY PLACE #ANADIAN CITIES NEAR THE TOP OF THE RANKINGS
#ANADIAN .ON #ANADIAN
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7E OFFER THE FOLLOWING VALUABLE SERVICES TO OUR CLIENTS q STRATEGIC MARKET INTELLIGENCE ON YOUR SPECIFIC SECTOR q DIRECT CONTACT WITH KEY DECISION MAKERS IN THE GOVERNMENT q REFERRALS TO CONTACTS IN FIRMS AND INDUSTRY ASSOCIATIONS AS WELL AS EXPERTS q INFORMATION AND ADVICE ON SETTING UP A BUSINESS IN #ANADA q HELP IN IDENTIFYING A SUITABLE PLACE IN WHICH TO INVEST q ASSISTANCE IN DEVELOPING A BUSINESS CASE FOR YOUR NEXT INVESTMENT DECISION
/UR GLOBAL NETWORK WILL SHOW YOU WHY #ANADA IS YOUR STRATEGIC CHOICE FOR GROWTH 4O REACH AN INVESTMENT OFFICER IN YOUR MARKET PLEASE VISIT
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4HIS PUBLICATION WAS PREPARED BY )NVEST IN #ANADA IN COOPERATION WITH )"- 0,) 4HE DOCUMENT COVERS A WIDE RANGE OF ISSUES AND IS NOT INTENDED TO BE A DETAILED NOR AN EXHAUSTIVE REFERENCE !CCORDINGLY BEFORE RELYING ON THE MATERIAL HEREIN READERS SHOULD INDEPENDENTLY VERIFY ITS ACCURACY CURRENCY AND RELEVANCE FOR THEIR PURPOSES AND SHOULD SEEK APPROPRIATE PROFESSIONAL ADVICE !NY REFERENCE TO COMPANIES OR INVESTMENTS IS FOR ILLUSTRATIVE PURPOSES ONLY AND DOES NOT CONSTITUTE AN ENDORSEMENT OF THOSE COMPANIES OR INVESTMENTS $ETAILS OF SOURCES FOR ALL QUOTED FACTS AND FIGURES ARE AVAILABLE UPON REQUEST 4HE 'OVERNMENT OF #ANADA DOES NOT ACCEPT ANY LIABILITY IN RELATION TO THE CONTENTS OF THIS WORK 4HIS PUBLICATION IS PRINTED ON RECYCLED PAPER AND IS AVAILABLE IN MULTIPLE LANGUAGES INCLUDING &RENCH ¥ (ER -AJESTY THE 1UEEN IN 2IGHT OF #ANADA AS REPRESENTED BY THE -INISTER OF )NTERNATIONAL 4RADE
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#ANADA OFFERS GLOBAL INVESTORS THE RIGHT INGREDIENTS FOR SUCCESS IN THE FOOD AND BEVERAGE PROCESSING INDUSTRY COMBINING SKILLED LABOUR WITH COST ADVANTAGES AND ACCESS TO QUALITY RAW MATERIALS 4HE FOOD AND BEVERAGE PROCESSING INDUSTRY IS #ANADAS SECOND LARGEST MANUFACTURING INDUSTRY AND ACCOUNTS FOR APPROXIMATELY PERCENT OF TOTAL MANUFACTURING SHIPMENTS )N THE INDUSTRY PROVIDED EMPLOYMENT FOR #ANADIANS AND PRODUCED SHIPMENTS WORTH BILLION 4HAT SAME YEAR #ANADA EXPORTED BILLION OF PROCESSED FOOD AND BEVERAGE PRODUCTS TO SOME COUNTRIES $URING INVESTMENT IN THIS INDUSTRY CREATED AN ESTIMATED NEW JOBS IN #ANADA
'RAIN AND /ILSEED 0ROCESSING #ANADA HAS APPROXIMATELY COMMERCIAL WHEAT OAT AND CORN ESTABLISHMENTS LOCATED ACROSS THE COUNTRY %ACH YEAR #ANADIAN MILLS GRIND SOME MILLION TONNES OF WHEAT OATS CORN AND BARLEY AND EXPORT COMMODITIES SUCH AS WHEAT mOUR SEMOLINA AND OTHER MILLED GRAIN PRODUCTS TO OVER COUNTRIES WORLDWIDE )N THE #ANADIAN GRAIN FRACTIONATION SECTOR INCLUDING mOUR MILLING STARCH MANUFACTURING AND CORN WET MILLING EMPLOYED ALMOST PEOPLE AND PRODUCED APPROXIMATELY BILLION IN TOTAL REVENUES FROM SHIPMENTS 4HE OVERALL GRAIN AND OILSEED MILLING SECTOR ACCOUNTED FOR APPROXIMATELY BILLION IN SHIPMENTS IN 7ITH ACCESS TO VARIOUS TYPES OF GRAINS AND CEREALS #ANADAS GRAIN FRACTIONATION INDUSTRY PRODUCES MANY INNOVATIVE FOOD INGREDIENTS NATURAL HEALTH PRODUCTS GENERAL AND PERFORMANCE ANIMAL FEED mOUR ETHANOL AS WELL AS INCREASINGLY POPULAR END PRODUCT INGREDIENTS SUCH AS WHEAT GLUTEN BIOACTIVE COMPOUNDS AND BIO BASED INDUSTRIAL APPLICATIONS
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!LBERTA !LBERTA ACCOUNTS FOR PERCENT OF #ANADAS TOTAL AGRICULTURAL PRODUCTION AND YIELDS APPROXIMATELY ONE THIRD OF #ANADAS WHEAT BARLEY AND CANOLA .UMEROUS SPECIAL CROPS FORAGES AND LIVESTOCK RAISED IN A PROVINCE RICH IN CLEAN AIR AND WATER ADD TO !LBERTAS DIVERSITY IN THE FOOD AND BEVERAGE INDUSTRY 4OP INTERNATIONAL FOOD PROCESSING COMPANIES HAVE INVESTED MORE THAN BILLION OVER THE LAST lVE YEARS SHOWING THEIR CONlDENCE IN THE PROVINCES STABLE AND BUSINESS FRIENDLY ENVIRONMENT
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3ASKATCHEWAN IS ALSO RECOGNIZED AS ONE OF THE WORLDS LEADING AGRICULTURAL BIOTECH RESEARCH CENTRES )NNOVATION 0LACE IN 3ASKATOON IS ONE OF .ORTH !MERICAS MOST ADVANCED RESEARCH PARKS FOR AGRICULTURE 4HE 5NIVERSITY OF 3ASKATCHEWANS AGRICULTURAL GENOMICS CENTRE IN 3ASKATOON AND THE 0LANT "IOTECHNOLOGY )NSTITUTE HOSTED BY THE .ATIONAL 2ESEARCH #OUNCIL CONDUCT SOME OF #ANADAS MOST LEADING EDGE CROP AND CEREAL RESEARCH
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3ASKATCHEWANS BILLION FOOD AND BEVERAGE PROCESSING INDUSTRY INCLUDES MORE THAN PROCESSORS AND OVER EMPLOYEES 'RAIN AND OILSEED MILLING RANK AMONG THE LARGEST FOOD CATEGORIES IN THE PROVINCE )N 3ASKATCHEWANS AGRICULTURAL EXPORTS TOTALLED OVER BILLION
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/NTARIO IS IDEALLY SUITED TO BE AN IMPORTANT CENTRE FOR GRAIN AND OILSEED MILLING IN #ANADA %ACH YEAR /NTARIO PRODUCERS GROW OVER MILLION ACRES OF WHEAT MILLION ACRES OF CORN AND MILLION ACRES OF SOYBEANS MAINLY IN 3OUTHWESTERN /NTARIO /NTARIO GROWERS PLANT A WIDE RANGE OF CROP VARIETIES TO MEET THE NEEDS OF THE PROCESSORS AND ULTIMATELY THE CONSUMER MARKET WHICH IS CONCENTRATED IN THE 'REAT ,AKE BASIN OF #ANADA AND 5NITED 3TATES 4HE ABUNDANT SOURCE OF RAW MATERIAL COUPLED WITH A STRONG MANUFACTURING INFRASTRUCTURE AND SKILLED WORKFORCE MEANS THAT THE GRAIN AND OILSEED MILLING SECTOR IN /NTARIO GENERATES BILLION IN VALUE OF SHIPMENTS ANNUALLY ,/.$/.
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4HERE ARE lVE RELATIVELY LARGE GRAIN AND OILSEED PROCESSORS IN /NTARIO THAT ARE KEY PLAYERS IN THE SECTOR ALONG WITH OTHER lRMS PROVIDING STRONG COMPETITION PRIMARILY IN THE SPECIALTY MARKETS 4HE NUMBER OF ESTABLISHMENTS MILLING AND PROCESSING GRAIN AND OILSEED IN /NTARIO HAS SHOWN CONSISTENT GROWTH IN RECENT YEARS AND THE SECTOR IS CONSIDERED TO BE STRONG AND VIABLE /NTARIO ALSO EXCELS IN AGRI FOOD RELATED 2$ AND IS HOME FOUR !GRICULTURE AND !GRI &OOD #ANADA RESEARCH CENTRES THE 3OUTHERN #ROP 0ROTECTION AND &OOD 2ESEARCH #ENTRE THE %ASTERN #EREAL AND /ILSEED 2ESEARCH #ENTRE THE 'REENHOUSE AND 0ROCESSING #ROPS 2ESEARCH #ENTRE AND THE 'UELPH &OOD 2ESEARCH #ENTRE
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#ANADIAN .ON #ANADIAN
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4HE BENCHMARKING STUDY CONCLUDES THAT MANY #ANADIAN CITIES ARE AMONG THE TOP LOCATIONS IN .ORTH !MERICA IN PROVIDING ACCESS TO RAW MATERIALS WITH 2EGINA AND 3ASKATOON LEADING THE WAY 7HEAT IS AN INTEGRAL COMPONENT OF MANY GRAIN FRACTIONATION ACTIVITIES AND AS A WORLD LEADER IN WHEAT PRODUCTION #ANADAS 0RAIRIE PROVINCES AND CITIES ARE WELL PLACED TO REAP THE BENElTS OF THEIR OPTIMAL LOCATION
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#ANADIAN CITIES ARE AMONG THE LEADING LOCATIONS IN .ORTH !MERICA IN MARKET PROXIMITY WITH ,ONDON AND 3ASKATOON BOTH OFFERING A VERY LARGE VARIETY OF ESTABLISHMENTS EXPECTED TO BE PART OF THE PURCHASING MARKET
2ESEARCH AND DEVELOPMENT HIGHEST RANKING CITIES
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#UTTING EDGE 2$ !S GRAIN FRACTIONATION IS AN EMERGING AREA OF SCIENCE AND TECHNOLOGY INNOVATION CAN BE CRITICAL TO THE GROWTH OF THE lRMS IN THIS INDUSTRY %ACH YEAR #ANADA PROUDLY INVESTS BILLIONS OF DOLLARS IN 2$ TO ENSURE THAT COMPANIES HAVE ACCESS TO THE BEST TALENT AND INFRASTRUCTURE IN THE WORLD #ANADA ALSO PROVIDES GENEROUS 2$ TAX BASED INCENTIVES TO HELP GLOBAL lRMS REMAIN LEADING EDGE WHILE SIGNIlCANTLY REDUCING THEIR COSTS
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5NLESS OTHERWISE NOTED GRAPHS REPRESENT )"- 0,) ASSESSMENT SCORES
#ANADIAN LOCATIONS OBTAIN THE TOP RANKS IN THE ASSESSMENT OF 2$ REmECTING THE HIGH NUMBER OF PATENTS AND ACADEMIC INSTITUTIONS THAT SUPPORT FOOD SCIENCES IN #ANADA
#!.!$!3 6!,5% 02/0/3)4)/. %STIMATED ANNUAL LABOUR COSTS HIGHEST RANKING CITIES
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#OMPARED TO MANY OF ITS COMPETITORS #ANADA OFFERS COMPELLING BENElTS TO FOREIGN INVESTORS IN THE FORM OF A SIGNIlCANTLY REDUCED TAX BURDEN #ANADAS LOW CORPORATE INCOME TAX RATES AN IMPORTANT INVESTMENT DRIVER CONTRIBUTE TO THE HIGH PROlTABILITY RANKING OF #ANADIAN LOCATIONS 2ED $EER -EDICINE (AT 3ASKATOON 2EGINA "RANDON AND ,ONDON ALL PROVIDE A SIGNIlCANT TAX ADVANTAGE AND GREATER PROlT CASH mOWS TO THE BUSINESS WHEN COMPARED TO 53 CITIES 4HE TAX REDUCTION INITIATIVE ANNOUNCED BY THE FEDERAL GOVERNMENT IN WILL GIVE #ANADA THE LOWEST STATUTORY TAX RATE IN THE ' BY AT PERCENT AND THE LOWEST OVERALL TAX RATE ON NEW BUSINESS INVESTMENT THE LOWEST MARGINAL EFFECTIVE TAX RATE IN THE ' BY
! CONDUCIVE BUSINESS ENVIRONMENT
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4HANKS TO ITS SOLID AND DYNAMIC ECONOMY LOW CORPORATE TAX RATES QUALITY SUPPORT FROM LOCAL GOVERNMENTS AND DEVELOPMENT AGENCIES BUSINESS PERMITTING PROCEDURES PRIVACY REGULATIONS INFORMATION SECURITY AND PROTECTION OF INTELLECTUAL PROPERTY RIGHTS #ANADA HAS FOSTERED A BUSINESS ENVIRONMENT THAT ALLOWS COMPANIES TO INVEST AND mOURISH !S THE LEADER IN '$0 GROWTH AMONG ' COUNTRIES OVER THE LAST DECADE AND WITH THE WORLDS SOUNDEST BANKING SYSTEM #ANADA PROVIDES A STABLE AND STRONG BUSINESS ENVIRONMENT THAT OFFERS TREMENDOUS GROWTH POTENTIAL AND PEACE OF MIND FOR BUSINESS INVESTMENT )N FACT ALL #ANADIAN CITIES EVALUATED RANK WELL IN THIS ASSESSMENT WHICH IS BASED ON MEASURES PUBLISHED BY THE )-$ THE %CONOMIST )NTELLIGENCE 5NIT AND THE 7ORLD %CONOMIC &ORUM
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)NVEST IN #ANADA AT YOUR SERVICE 7E OFFER THE FOLLOWING VALUABLE SERVICES TO OUR CLIENTS q STRATEGIC MARKET INTELLIGENCE ON YOUR SPECIFIC SECTOR q DIRECT CONTACT WITH KEY DECISION MAKERS IN THE GOVERNMENT q REFERRALS TO CONTACTS IN FIRMS AND INDUSTRY ASSOCIATIONS AS WELL AS EXPERTS q INFORMATION AND ADVICE ON SETTING UP A BUSINESS IN #ANADA q HELP IN IDENTIFYING A SUITABLE PLACE IN WHICH TO INVEST q ASSISTANCE IN DEVELOPING A BUSINESS CASE FOR YOUR NEXT INVESTMENT DECISION
/UR GLOBAL NETWORK WILL SHOW YOU WHY #ANADA IS YOUR STRATEGIC CHOICE FOR GROWTH 4O REACH AN INVESTMENT OFFICER IN YOUR MARKET PLEASE VISIT
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4HIS PUBLICATION WAS PREPARED BY )NVEST IN #ANADA IN COOPERATION WITH )"- 0,) 4HE DOCUMENT COVERS A WIDE RANGE OF ISSUES AND IS NOT INTENDED TO BE A DETAILED NOR AN EXHAUSTIVE REFERENCE !CCORDINGLY BEFORE RELYING ON THE MATERIAL HEREIN READERS SHOULD INDEPENDENTLY VERIFY ITS ACCURACY CURRENCY AND RELEVANCE FOR THEIR PURPOSES AND SHOULD SEEK APPROPRIATE PROFESSIONAL ADVICE !NY REFERENCE TO COMPANIES OR INVESTMENTS IS FOR ILLUSTRATIVE PURPOSES ONLY AND DOES NOT CONSTITUTE AN ENDORSEMENT OF THOSE COMPANIES OR INVESTMENTS $ETAILS OF SOURCES FOR ALL QUOTED FACTS AND FIGURES ARE AVAILABLE UPON REQUEST 4HE 'OVERNMENT OF #ANADA DOES NOT ACCEPT ANY LIABILITY IN RELATION TO THE CONTENTS OF THIS WORK 4HIS PUBLICATION IS PRINTED ON RECYCLED PAPER AND IS AVAILABLE IN MULTIPLE LANGUAGES INCLUDING &RENCH ¥ (ER -AJESTY THE 1UEEN IN 2IGHT OF #ANADA AS REPRESENTED BY THE -INISTER OF )NTERNATIONAL 4RADE
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7).$ %.% #!.!$)!. 7).$ %.%2'9 3%#4/2 2%#%.4 ).6%34-%.43 ). #!.!$! w -AINSTREAM 2ENEWABLE 0OWER ANNOUNCED IN AN MILLION JOINT VENTURE WITH !LBERTA 7IND %NERGY #ORPORATION !7%# TO BUILD OVER -7 OF WIND ENERGY PLANTS IN !LBERTA BY w 4HE 3PANISH COMPANY !CCIONA 7IND %NERGY IN PARTNERSHIP WITH 3UNCOR %NERGY 0RODUCTS INVESTED MILLION IN THE CONSTRUCTION OF A -7 WIND FARM IN /NTARIO IN w )N %NEL 3P! OF )TALY SIGNED A POWER PURCHASE AGREEMENT TO BUILD OPERATE AND SELL POWER FROM A -7 WIND PROJECT IN .EWFOUNDLAND AND ,ABRADOR
7ITH A HUGE LANDMASS LENGTHY COASTLINES AND QUALITY WIND RESOURCES #ANADA HAS ENORMOUS POTENTIAL AS A GENERATOR OF WIND ENERGY #ANADA IS ONE OF THE WORLDS LARGEST EXPORTERS OF ELECTRICITY AND NEIGHBOURS THE WORLDS LARGEST CONSUMER OF ELECTRICITY WHICH HAS A STRONG AND INCREASING APPETITE FOR GREEN POWER !PPROXIMATELY COMPANIES ARE ACTIVE IN #ANADAS WIND ENERGY SECTOR WITH A WORKFORCE THAT HAS GROWN FROM LESS THAN IN TO OVER TODAY %STIMATES INDICATE THAT EMPLOYMENT IN THIS SECTOR COULD INCREASE TO MORE THAN BY 4HE #ANADIAN WIND ENERGY INDUSTRY CONSISTS MAINLY OF DEVELOPERS BACKED BY LARGE ENERGY l RMS INDUSTRIAL CORPORATIONS AND INCOME FUNDS THAT BRING WITH THEM l NANCIAL RESOURCES AND COMMERCIAL CREDIBILITY 4HE RAPID GROWTH OF #ANADAS WIND ENERGY INDUSTRY HAS RESULTED IN A GROWING NUMBER OF MANUFACTURING l RMS ENTERING THE MARKET 2ECENT STUDIES ESTIMATE THAT PUBLIC AND PRIVATE INVESTORS WORLDWIDE WILL INJECT BETWEEN BILLION AND TRILLION INTO WIND POWER FROM TO
+EY #APABILITIES w 7IND POWER DEVELOPMENT IS THE LARGEST SEGMENT OF #ANADAS WIND ENERGY INDUSTRY )T INCLUDES PROJECT DEVELOPMENT PROJECT OPERATION AND INDEPENDENT POWER GENERATION -ORE THAN PERCENT OF WIND ENERGY COMPANIES ARE ACTIVE IN THIS INDUSTRY SEGMENT !MONG THE LEADERS ARE "ROOKl ELD 2ENEWABLE 0OWER )NVENERGY #ANADA 3KY0OWER AND 4RANS!LTA 7IND
-!*/2 ',/"!, ).6%34/23 ). #!.!$! '% %NERGY )BERDROLA 2ENEWABLES )NVENERGY #ANADA
w -ANUFACTURING IS THE FOCUS OF PERCENT OF WIND ENERGY l RMS 4HE MAIN PRODUCTS MANUFACTURED IN #ANADA ARE WIND RELATED COMPONENTS SUCH AS ROTOR BLADES CONTROL SYSTEMS TURBINES INVERTERS NACELLES TOWERS AND METEOROLOGICAL TOWERS -AJOR l RMS IN THIS INDUSTRY SEGMENT INCLUDE !!%2 '% 7IND %NERGY ,- 'LASSl BER #OMPOSITES 6#) $-) )NDUSTRIES AND (ITACHI #ANADIAN )NDUSTRIES
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7ITH COMPANIES A RAPIDLY GROWING WORKFORCE AND QUALITY WIND RESOURCES #ANADA HAS ENORMOUS POTENTIAL AS A GENERATOR OF WIND ENERGY
5NLESS OTHERWISE NOTED ALL VALUES ARE IN #ANADIAN DOLLARS %MERGING %NERGY 2ESEARCH 0RESS 2ELEASE h7IND 4URBINE )NDUSTRY 3TEPS 5P TO 'LOBAL $EMANDv *UNE
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!LBERTA !LBERTA WAS THE l RST #ANADIAN JURISDICTION TO ACHIEVE AN INSTALLED WIND ENERGY CAPACITY EXCEEDING -7 )TS CURRENT INSTALLED CAPACITY IS APPROXIMATELY -7 REPRESENTING APPROXIMATELY PERCENT OF #ANADAS LARGE WIND TURBINE CAPACITY )N THE PIPELINE ARE WIND GENERATION PROJECTS WITH A CAPACITY OF MORE THAN -7 4RANSMISSION UPGRADES ARE BEING DESIGNED TO CONNECT -7 OF WIND POWER TO THE GRID IN SOUTHERN !LBERTA
-ANITOBA 4HE -ANITOBA GOVERNMENT IS PURSUING A STRATEGY TO ENCOURAGE THE PRIVATE DEVELOPMENT OF -7 OF WIND GENERATED ELECTRICITY CAPACITY OVER THE NEXT DECADE AND IS CURRENTLY CONSIDERING PROPOSALS FOR THE DEVELOPMENT OF -7 OF WIND POWER AS THE l RST PHASE OF THE PLAN -ANITOBA OFFERS A TAX INCENTIVE FOR THE PRODUCTION AND PURCHASE OF EQUIPMENT FOR GENERATING RENEWABLE ENERGY INCLUDING WIND ENERGY SYSTEMS -ANITOBA BASED 3T ,EON 7IND %NERGY ,0 OPERATES ONE OF #ANADAS LARGEST WIND FARMS WITH TURBINES THAT CAN GENERATE UP TO -7
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"RITISH #OLUMBIA HAS SIGNIl CANT WIND RESOURCES AND OVER POTENTIAL WIND FARM SITES CURRENTLY UNDER INVESTIGATION -ORE THAN BILLION WORTH OF WIND PROJECTS ARE ON THE DRAWING BOARD OR UNDER CONSTRUCTION 4HE IMPETUS BEHIND THE DRIVE TO DEVELOP CLEAN ENERGY RESOURCES INCLUDING WIND ENERGY STEMS FROM THE PROVINCES GOALS OF REDUCING GREENHOUSE GAS EMISSIONS BY PERCENT BY AND BECOMING SELF SUFl CIENT IN ELECTRICITY BY WITH CLEAN SOURCES ACCOUNTING FOR PERCENT OF ELECTRICITY SUPPLY
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#!.!$)!. #,53 #!.!$)!. #,53 /NTARIO /NTARIO IS CENTRALLY LOCATED IN .ORTH !MERICA HAS LONG TERM GOVERNMENT SUPPORT FOR WIND ENERGY GENERATION AND HAS ADVANCED AND DIVERSE MANUFACTURING CAPABILITIES 4HESE FACTORS POSITION THE PROVINCE AS AN IDEAL CHOICE FOR MANUFACTURERS OF WIND TURBINES AND RELATED COMPONENTS SERVICE PROVIDERS AND PROJECT DEVELOPERS /NTARIOS ADVANCED MANUFACTURING AND MACHINERY INDUSTRY EMPLOYS MORE THAN HIGHLY SKILLED PEOPLE 4HE PROVINCE HAS IMPLEMENTED LARGE SCALE WIND ENERGY PROJECTS WHICH WILL HELP INCREASE /NTARIOS WIND ENERGY SUPPLY TO -7 BY /NTARIO OFFERS TAX INCENTIVES FOR THE DEPLOYMENT OF RENEWABLE ENERGY SYSTEMS PLUS GOVERNMENT FUNDING FOR THE COMMERCIALIZATION OF NEW ENERGY TECHNOLOGIES /NTARIOS RECENTLY INTRODUCED 'REEN %NERGY !CT IS EXPECTED TO CONTRIBUTE HEAVILY TO THE GROWTH OF THE PROVINCES WIND ENERGY SECTOR
1UEBEC 7IND ENERGY PRODUCTION AND THE MANUFACTURING OF WIND TURBINES IS A PRIORITY FOR 1UEBEC )N (YDRO 1UÏBEC ANNOUNCED IT HAD ACCEPTED BIDS TO SUPPLY IT WITH -7 OF 1UEBEC GENERATED WIND ENERGY TO REACH ITS GOAL OF -7 BEFORE 4HESE PROJECTS REPRESENT INVESTMENTS OF APPROXIMATELY BILLION 4HE LEADING 'ERMAN WIND TURBINE MANUFACTURERS %NERCON AND 2% 0OWER WERE AWARDED CONTRACTS FOR MANY PROJECTS IN 1UEBEC AND WILL BE OPENING FACILITIES IN THE REGION 4HESE PROJECTS SUSTAIN THE DEVELOPMENT OF A WIND ENERGY SUPPLY CHAIN WITH THE CREATION AND INTEGRATION OF SUBCONTRACTORS 1UEBEC ALSO BOASTS THE #ORUS #ENTRE A RESEARCH CENTRE SPECIALIZING IN WIND ENERGY
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).6%34-%.4 ,/#!4)/. "%.#(-!2+).' -%4(/$/,/'9 4HIS BENCHMARKING STUDY ASSESSES THE COMPETITIVENESS OF A NUMBER OF #ANADIAN CLUSTERS AGAINST COMPETING INTERNATIONAL BUSINESS LOCATIONS "ASED ON AN INVESTORS PERSPECTIVE THE RESEARCH AND ANALYSIS USES A REPRESENTATIVE INVESTMENT PROJECT PROTOTYPE AN OPERATION THAT MANUFACTURES TURBINES OR COMPONENTS FOR ON AND OFFSHORE WIND FARMSSEE PROl LE ON PAGE TO ASSESS CRITERIA THAT CORPORATE DECISION MAKERS TYPICALLY EXAMINE WHEN EVALUATING LOCATION ALTERNATIVES FOR FOREIGN INVESTMENT 4HIS INTERNATIONAL LOCATION BENCHMARKING EXERCISE WAS CONDUCTED BY )"- 0LANT ,OCATION )NTERNATIONAL )"- 0,) A RENOWNED GLOBAL LOCATION CONSULTANCY )"- 0,) PERFORMED OBJECTIVE RESEARCH TO ASSESS THE COMPARATIVE COST AND QUALITY OF DOING BUSINESS IN VARIOUS LOCATIONS SIMULATING THE APPROACH USED BY INVESTORS WHEN SCREENING CANDIDATES FOR CORPORATE INVESTMENT PROJECTS 4HE BENCHMARKING STUDY EXAMINED TO l NANCIAL AND QUALITATIVE LOCATION INDICATORS IN THE ASSESSMENT OF EACH INDUSTRY SUBSECTOR 4O ASSESS THE QUALITY OF A LOCATIONS OPERATING BUSINESS ENVIRONMENT DATA WERE COLLECTED FROM A VARIETY OF SOURCES FOR THE DIFFERENT SUBFACTORS IN EACH OF THE CATEGORIES FEATURED IN THE OPERATING ENVIRONMENT TABLE PAGE $ATA FOR THE QUALITATIVE ASSESSMENT WERE TRANSLATED INTO COMPARABLE SCORINGS ZERO TO FOR EACH CATEGORY AND SUBFACTOR USING A WEIGHTED SCOREBOARD APPROACH 7EIGHTS WERE ASSIGNED TO EACH LOCATION CATEGORY AND SUBFACTOR TO DEMONSTRATE THEIR RELATIVE IMPORTANCE IN THE LOCATION SELECTION PROCESS 4HESE WEIGHTS ARE SPECIl C TO EACH INDUSTRY SUBSECTOR AND ARE BASED ON )"- 0,)S EXPERIENCE IN HELPING INVESTORS MAKE STRATEGIC DECISIONS WHEN CHOOSING LOCATIONS ! HIGH LEVEL l NANCIAL ANALYSIS WAS ALSO CONDUCTED TO TAKE INTO ACCOUNT MAJOR LOCATION SENSITIVE INVESTMENT AND OPERATING COSTS AND REVENUES FOR EACH REPRESENTATIVE PROJECT PROl LE #ASH m OW PROJECTIONS HAVE BEEN CALCULATED AND DISCOUNTED OVER A YEAR PERIOD INCORPORATING ANTICIPATED INm ATION RATES TO DETERMINE THEIR NET PRESENT VALUE AND TO ASSESS THE PROl TABILITY OF THE PROJECT IN EACH OF THE BENCHMARKED LOCATIONS
BENCHMARKING THE COMPARATIVE COST AND QUALITY OF DOING BUSINESS IN GLOBAL LOCATIONS
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w /VERALL SIZE OF LABOUR POOL w 0RESENCE OF EXPERIENCED WIND ENERGY EMPLOYEES INCLUDING MANUFACTURING RELATED w /VERALL TIGHTNESS IN THE LABOUR MARKET UNEMPLOYMENT w 0RESENCE OF STUDENT POPULATION
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w 7ORKING TIME REGULATIONS w (IRING l RING m EXIBILITY w )NDUSTRIAL RELATIONSATTITUDE OF UNIONS w 7ORK PERMITS
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w (IGHWAY NETWORK CONGESTION w 7ATERWAYS AND SEAPORTS w !IR ACCESS w 0UBLIC TRANSPORT w 1UALITY RELIABILITY OF )4 TELECOMMUNICATIONS w 2ELIABILITY OF POWER SUPPLY
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w !VAILABILITY OF LARGE INDUSTRIAL SITES
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w #OST OF LIVING w !TTRACTIVENESS FOR YOUNG INTERNATIONAL RECRUITS w !TTRACTIVENESS FOR EXPATRIATES
&ACTOR CATEGORY WEIGHT CORRESPONDING LOCATION FACTORS ARE RANKED IN ORDER OF IMPORTANCE
3T ,EON 7IND &ARM -ANITOBA #ANADA
#!.!$!3 6!,5% 02/0/3)4)/. #ANADIAN LOCATIONS OFFER APPEALING COST COMPETITIVE ALTERNATIVES COMBINED WITH SOME OF THE BEST OPERATING ENVIRONMENTS FOR THE MANUFACTURING OF WIND FARM TURBINES AND COMPONENTS #/34 !33%33-%.4
#ANADIAN .ON #ANADIAN # 53 -8.
! BETTER RETURN ON YOUR INVESTMENT #ANADIAN CITIES PROVIDE STRONG INVESTMENT OPTIONS WITH HIGH PROl TABILITY !LL #ANADIAN LOCATIONS BENCHMARKED RANK HIGHLY AMONG .ORTH !MERICAN ALTERNATIVES WITH 7INNIPEG #HARLOTTETOWN #ALGARY -ONTRÏAL 7INDSOR AND 7ATERLOO 2EGION PROVIDING SOME
OF THE MOST COST COMPETITIVE PROPOSITIONS !LTHOUGH A LOCATION SUCH AS -ONTERREY IN -EXICO MAY OFFER A HIGHER LEVEL OF COST COMPETITIVENESS THE QUALITATIVE ENVIRONMENT SHOULD ALSO BE TAKEN INTO CONSIDERATION
15!,)4!4)6% !33%33-%.4 /& /0%2!4).' %.6)2/.-%.4
,IVING ENVIRONMENT 2EAL ESTATE )NFRASTRUCTURE COMMUNICATIONS &LEXIBILITY OF LABOUR REGULATIONS 0RESENCE OF INDUSTRYCLUSTER ,OCAL POTENTIAL TO RECRUIT SKILLED STAFF 'ENERAL BUSINESS ENVIRONMENT
! WEALTH OF OPTIONS TO CHOOSE FROM &ROM AN OPERATING ENVIRONMENT PERSPECTIVE #ANADIAN CITIES PROVIDE A WIDE VARIETY OF VIABLE OPTIONS -ONTRÏAL 7ATERLOO 2EGION 7INDSOR #ALGARY AND 6ANCOUVER OFFER EXCELLENT VALUE PROPOSITIONS TO BUSINESSES INVOLVED IN THE MANUFACTURING OF WIND FARM TURBINES
5NLESS OTHERWISE NOTED GRAPHS REPRESENT )"- 0,) ASSESSMENT SCORES
AND COMPONENTS WHEN ASSESSING THE TRADE OFF BETWEEN COST AND QUALITATIVE FACTORS 4HESE HUBS SCORE WELL ON SEVERAL KEY QUALITATIVE INVESTMENT DRIVERS INCLUDING GENERAL BUSINESS ENVIRONMENT PRESENCE OF INDUSTRY AND THE LOCAL POTENTIAL TO RECRUIT SKILLED LABOUR
#!.!$!3 6!,5% 02/0/3)4)/. 7IND PROJECTS CONTRACTED ANDOR UNDER CONSTRUCTION HIGHEST RANKING REGIONS IN .ORTH !MERICA
#ANADIAN .ON #ANADIAN
4HRIVING WIND ENERGY CLUSTERS
'ROWING BUSINESS OPPORTUNITIES 4HE WIND ENERGY CAPACITY PLANNED IN 1UEBEC IS HIGHER THAN THAT OF ANY STATE OR PROVINCE IN .ORTH !MERICA WITH PROJECTS TOTALLING AN ADDITIONAL -7 CURRENTLY UNDER CONSTRUCTION OR TO BE COMPLETED BY /NTARIO IS ALSO PURSUING MANY SUCH PROJECTS WITH AN ADDITIONAL -7 PLANNED BY 4HIS PROVINCE ALSO HAS GUARANTEED FEED AND TARIFF PROGRAMS TO ASSIST NEW RENEWABLE ENERGY SOURCES GENERATE REVENUE !LBERTA AND "RITISH #OLUMBIA ARE CURRENTLY INVOLVED IN VARIOUS WIND ENERGY PROJECTS SET TO BE COMPLETED BY OR WHILE -ANITOBA IS DEVELOPING A WIND FARM WITH A -7 CAPACITY THAT IS SET FOR COMPLETION BY
0RESENCE OF INDUSTRYCLUSTER HIGHEST RANKING CITIES
4HE NUMBER OF INSTALLED WIND TURBINES PLANNED AND ESTABLISHED WIND ENERGY CAPACITY PRESENCE OF COMPANIES RELATED TO WIND ENERGY AND WIND POWER GROWTH RATES ARE ALL KEY CONSIDERATIONS WHEN ASSESSING THE CLUSTER STRENGTH OF VARIOUS LOCATIONS 3EVERAL #ANADIAN LOCATIONS HAVE A STRONG INDUSTRY BASE FOR WIND GENERATOR COMPONENTS REm ECTING THEIR COMPARATIVE STRENGTH IN ATTRACTING WIND ENERGY COMPANIES AND MACHINERY MANUFACTURING OPERATIONS $URING THE PERIOD /NTARIO ATTRACTED THE HIGHEST NUMBER OF CONTESTABLE WIND ENERGY RELATED PROJECTS AMONG REGIONS INCLUDED IN THIS STUDY !LBERTA AND 1UEBEC ALSO SECURED SIGNIl CANT FOREIGN INVESTMENT PROJECTS IN THE SAME PERIOD
0RESENCE OF EXPERIENCED WORKERS HIGHEST RANKING CITIES
#ANADIAN .ON #ANADIAN
! SKILLED AND MOTIVATED WORKFORCE -ANUFACTURING OF WIND TURBINES AND COMPONENTS REQUIRES THE SAME SKILLS THAT ARE FOUND IN OTHER MANUFACTURING ACTIVITIES SUCH AS TRANSPORTATION EQUIPMENT FABRICATED METALS AND RELATED AREAS 3EVERAL #ANADIAN CITIES BOAST STRONG MACHINERY MANUFACTURING HUBS 7ORKERS WITH EXPERIENCE IN ACTIVITIES RELATED TO THE MANUFACTURING OF TURBINES ARE A POTENTIAL SOURCE OF LABOUR FOR INVESTMENT PROJECTS IN THIS SECTOR
#ANADIAN .ON #ANADIAN
5NLESS OTHERWISE NOTED GRAPHS REPRESENT )"- 0,) ASSESSMENT SCORES
3OURCES INCLUDE !MERICAN 7IND %NERGY !SSOCIATION !7%! AND #ANADIAN 7IND %NERGY !SSOCIATION #AN7%! STATISTICS !WEA FIGURES REFER TO PROJECTS CURRENTLY UNDER CONSTRUCTION #AN7%! FIGURES REFER TO PROJECTS WITH A SIGNED POWER PURCHASE AGREEMENT ANDOR ALREADY UNDER CONSTRUCTION TO BE COMPLETED BY
#!.!$!3 6!,5% 02/0/3)4)/. %STIMATED ANNUAL LABOUR COSTS HIGHEST RANKING CITIES
!DVANTAGEOUS LABOUR COSTS #ANADA OFFERS COMPETITIVE LABOUR COSTS FOR EMPLOYEES SUCH AS ASSEMBLERS ELECTRICAL ENGINEERS AND MECHANICAL ENGINEERS 3EVERAL #ANADIAN LOCATIONS INCLUDING #HARLOTTETOWN 7INNIPEG #ALGARY -ONTRÏAL AND 7ATERLOO 2EGION RANK AMONG THE TOP BENCHMARKED LOCATIONS IN .ORTH !MERICA ON THIS DIMENSION
#ANADIAN .ON #ANADIAN # 53 -8.
!N IMPORTANT COMPONENT OF #ANADAS COST COMPETITIVENESS COMES FROM THE LOWER COSTS OF PROVIDING EMPLOYEE BENEl TS #ANADAS NATIONAL HEALTHCARE SYSTEM IMPLIES THAT MOST MEDICAL INSURANCE COSTS ARE PUBLICLY FUNDED RATHER THAN PAID BY THE EMPLOYER LEADING TO POTENTIAL SAVINGS
'ENERAL BUSINESS ENVIRONMENT HIGHEST RANKING CITIES
! CONDUCIVE BUSINESS ENVIRONMENT %CONOMIC STABILITY SUPPORT FROM GOVERNMENT AND LOCAL ECONOMIC DEVELOPMENT AGENCIES 2$ INCENTIVES BUSINESS PERMITTING PROCEDURES l NANCIAL SUPPORT AVAILABLE TO BUSINESS PRIVACY REGULATIONS INFORMATION SECURITY AND INTELLECTUAL PROPERTY RIGHTS ARE IMPORTANT CONSIDERATIONS FOR BUSINESSES WHEN INVESTING OR EXPANDING THEIR OPERATIONS
#ANADIAN .ON #ANADIAN
7ORLD CLASS INFRASTRUCTURE
!S THE LEADER IN '$0 GROWTH AMONG ' COUNTRIES OVER THE LAST DECADE AND WITH THE WORLDS STRONGEST BANKING SYSTEM #ANADA HAS CREATED AN ADVANTAGEOUS BUSINESS ENVIRONMENT FOR COMPANIES TO INVEST )N FACT ALL #ANADIAN CITIES EVALUATED OFFER A STRONG BUSINESS ENVIRONMENT AS BASED ON MEASURES PUBLISHED BY THE )-$ THE %CONOMIST )NTELLIGENCE 5NIT AND THE 7ORLD %CONOMIC &ORUM 4HE #ANADIAN CITY OF #HARLOTTETOWN IS TOP RANKED DUE TO ITS VERY SUPPORTIVE LOCAL DEVELOPMENT NETWORK
)NFRASTRUCTURE HIGHEST RANKING CITIES
(IGHWAY AND ROAD ACCESS ROAD CONGESTION AIRPORT AND PORT ACCESS PUBLIC TRANSPORTATION AND POWER AND TELECOMMUNICATIONS RELIABILITY ARE IMPORTANT FACTORS WHEN ESTABLISHING OR EXPANDING MANUFACTURING OPERATIONS #ANADA OFFERS UNPARALLELED CONNECTIVITY WITH RELIABLE HIGH QUALITY TELECOMMUNICATIONS AND BROADBAND INFRASTRUCTURE AS WELL AS ONE OF THE LOWEST BUSINESS TELEPHONE CHARGE RATES AMONG ' ECONOMIES #ANADIAN CITIES ALSO OFFER THE VERY BEST IN TRANSPORTATION INFRASTRUCTURE -ONTRÏAL RANKS HIGH AMONG .ORTH !MERICAN LOCATIONS DUE TO ITS STRONG PUBLIC TRANSPORT NETWORK AND ITS ACCESSIBILITY AND CONNECTIVITY BY AIR AND WATER 4HE NEW %5 #ANADA AVIATION AGREEMENT WILL FURTHER SUPPORT #ANADAS GROWING TRANSATLANTIC TRADE FACILITATING THE EFl CIENT m OW OF PEOPLE AND VALUABLE GOODS
5NLESS OTHERWISE NOTED GRAPHS REPRESENT )"- 0,) ASSESSMENT SCORES 7ORLD %CONOMIC &ORUM 'LOBAL #OMPETITIVENESS 2EPORT /CTOBER
#ANADIAN .ON #ANADIAN
)NVEST IN #ANADA AT YOUR SERVICE 7E OFFER THE FOLLOWING VALUABLE SERVICES TO OUR CLIENTS q STRATEGIC MARKET INTELLIGENCE ON YOUR SPECIFIC SECTOR q DIRECT CONTACT WITH KEY DECISION MAKERS IN THE GOVERNMENT q REFERRALS TO CONTACTS IN FIRMS AND INDUSTRY ASSOCIATIONS AS WELL AS EXPERTS q INFORMATION AND ADVICE ON SETTING UP A BUSINESS IN #ANADA q HELP IN IDENTIFYING A SUITABLE PLACE IN WHICH TO INVEST q ASSISTANCE IN DEVELOPING A BUSINESS CASE FOR YOUR NEXT INVESTMENT DECISION
/UR GLOBAL NETWORK WILL SHOW YOU WHY #ANADA IS YOUR STRATEGIC CHOICE FOR GROWTH 4O REACH AN INVESTMENT OFFICER IN YOUR MARKET PLEASE VISIT
)NVEST IN #ANADA "UREAU &OREIGN !FFAIRS AND )NTERNATIONAL 4RADE #ANADA 3USSEX $RIVE /TTAWA /. #ANADA +. * %MAIL INVESTINCANADA INTERNATIONALGCCA 7EBSITE WWWINVESTINCANADACOM
#ATALOGUE .UMBER &2 % 0$& )3". .UMBER
4HIS PUBLICATION WAS PREPARED BY )NVEST IN #ANADA IN COOPERATION WITH )"- 0,) 4HE DOCUMENT COVERS A WIDE RANGE OF ISSUES AND IS NOT INTENDED TO BE A DETAILED NOR AN EXHAUSTIVE REFERENCE !CCORDINGLY BEFORE RELYING ON THE MATERIAL HEREIN READERS SHOULD INDEPENDENTLY VERIFY ITS ACCURACY CURRENCY AND RELEVANCE FOR THEIR PURPOSES AND SHOULD SEEK APPROPRIATE PROFESSIONAL ADVICE !NY REFERENCE TO COMPANIES OR INVESTMENTS IS FOR ILLUSTRATIVE PURPOSES ONLY AND DOES NOT CONSTITUTE AN ENDORSEMENT OF THOSE COMPANIES OR INVESTMENTS $ETAILS OF SOURCES FOR ALL QUOTED FACTS AND FIGURES ARE AVAILABLE UPON REQUEST 4HE 'OVERNMENT OF #ANADA DOES NOT ACCEPT ANY LIABILITY IN RELATION TO THE CONTENTS OF THIS WORK 4HIS PUBLICATION IS PRINTED ON RECYCLED PAPER AND IS AVAILABLE IN MULTIPLE LANGUAGES INCLUDING &RENCH ¥ (ER -AJESTY THE 1UEEN IN 2IGHT OF #ANADA AS REPRESENTED BY THE -INISTER OF )NTERNATIONAL 4RADE
3ODERGLEN %CO0OWER #ENTRE !LBERTA #ANADA
WWWINVESTINCANADACOMGLOBALNETWORK
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